A big part of the problem is that software development has wrapped itself around cloud native. Sure that metal server has brain melting performance for nothing, but try provisioning it or running it. Nobody knows how and we are dependent on stacks like K8S that require an ops team to run.

The industry really found a way to stop the downward cost spiral of personal computing and bring everyone back into mainframe. Moore’s Law is not dead but you no longer see the benefits. The difference is just pocketed by cloud providers who will use the gains to pack more low performing VMs onto less hardware.